AGORACOM Small Cap TV - May 17th - Highlights
posted on
May 17, 2012 09:02AM
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s May 17th, 2012, and we’ve found 6 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page ... or click on the image below.
Wildcat announces results for 24 additional drill holes: continues to extend mineralization in both Manto and Upper Silver Zones
Wildcat Silver Corporation (TSX: WS) ("Wildcat" or "the Company")
is pleased to announce the results for 24 additional drill holes completed on the Company's Hermosa property located in Santa Cruz County, Arizona. The current drill results targeted extensions of the Manto Oxide Zone to the northeast and the Upper Silver Zone southeast of the current Hermosa resource.
Highlights
HDS-289, located on the eastern extent of the patented claim block containing the existing Hermosa resource, intersected three significant mineralized intercepts of the Manto Oxide Zone and three mineralized intercepts of the Upper Silver Zone. This mineralization extends and leaves open the possible expansion of the current Hermosa resource off the patented claim block to the east/northeast. The Manto Oxide Zone intercepts ranged in thickness from 5.8 to 14.0 metres with silver grades up to 152.6 g/t and the Upper Silver Zone intercepts ranged in thickness from 3.0 to 12.3 metres with silver grades up to 50.1 g/t.
About Wildcat
Wildcat is a Canadian mineral exploration company focused on development of Hermosa, its 80% owned silver project located in Santa Cruz County, Arizona. The project currently has an indicated mineral resource of 101.4 million tonnes averaging 53.18 grams per tonne silver for a total of 171.3 million ounces of silver in addition to an inferred mineral resource of 83.6 million tonnes averaging 36.42 grams per tonne silver for a total of 98.6 million ounces of silver as announced in the February 6, 2012 press release.
Last: 0.90Range: 2.40-0.82Market Cap: 118 million
Preliminary Feasibility Study Shows American Manganese's Artillery Peak Project to be Economic
American Manganese Inc. (TSX VENTURE:AMY)(PINKSHEETS:AMYZF)(FRANKFURT:2AM) ("American Manganese" or the "Company")
announces the receipt of the financial model results from the preliminary feasibility study (the Report), prepared by Tetra Tech Wardrop (Tetra Tech), for its 100% owned Artillery Peak Manganese Project (Mohave County, Arizona). The complete NI 43-101 compliant Technical Report will be filed with the regulators on SEDAR within 45 days of this news release.
A summary from the Report of the pre-tax financial model results is presented below:
Case |
IRR |
NPV @ 0% |
NPV @ 5% |
NPV @ 8% |
NPV @ 10% |
Pay Back |
3 Year Historical Average Price |
7.28 |
458.4 |
91.2 |
(22.9) |
(74.4) |
10.3 |
CPM Expected Price Forecast |
19.95 |
1360.0 |
641.5 |
402.9 |
289.4 |
4.6 |
CPM Up-side Price Forecast |
25.03 |
1895.3 |
940.0 |
623.2 |
472.3 |
3.9 |
CPM Down-side Price Forecast |
12.90 |
785.4 |
311.0 |
153.6 |
79.0 |
5.9 |
As shown in the Report, the total amount of EMM produced over the life of the mine is estimated to be 994,499 tonnes (about 2.19 billion pounds). The average unit production cost of the EMM, after credits from by-product and on-site waste steam power generation, is shown below. The plan incorporates a low waste strip ratio (2.20:1) and higher grade (3.13% Mn) in the first 6 years of operation; followed by the second phase of mining ending in year 10 that has an average grade of 2.68% MN and a waste strip ratio of 2.17:1.
About American Manganese Inc.
American Manganese Inc. is a diversified specialty and critical metal Company focusing on potentially becoming a producer of electrolytic manganese metal from its Arizona Manganese Project.
Last: 0.26Range: 0.77-0.25Market Cap: 28 million
MAG Silver Reports Multiple Silver/Lead/Zinc Intercepts in "Bridge Zone" and Expands Cinco de Mayo Drill Program
MAG Silver Corp. (TSX:MAG)(NYSE Amex:MVG) ("MAG") announces that on-going drilling at its 100%-owned Cinco de Mayo ("Cinco") property in northern Chihuahua State, Mexico continues to successfully demonstrate lateral and vertical continuity of massive sulphide mineralization in the "Bridge Zone" along the Jose Manto-Cinco Ridge corridor. In response, MAG has increased its 2012 planned drilling by two million dollars to $5.5M dollars, and drilling has been ramped up from one to four rigs with a fifth expected in the near future. Three rigs are now drilling systematic step out holes to follow up on the strong results reported here and previously reported from Section 380 (see press release dated November 28, 2011). One exploration rig is dedicated to finding the source of the system.
CM12-411: 314 g/t (9.2 opt) silver with 1.6 g/t gold, 7.6% lead and 14.0% zinc over 4.35 metres
CM12-405: 2,367 g/t (69 opt) silver with 61.7% lead and 0.2% zinc over 1.71 metres
CM12-397: 157 g/t (4.6 opt) silver with 0.8 g/t gold, 4.7% lead and 10.6% zinc over 5.87 metres
CM12-399: 150 g/t (4.4 opt) silver with 2.2 g/t gold, 3.3% lead and 17.0% zinc over 3.36 metres
About MAG Silver Corp. (www.magsilver.com)
MAG is focused on district scale projects located within the Mexican Silver Belt. Our mission is to become one of the premier companies in the silver mining industry. MAG is conducting ongoing exploration of its portfolio of 100% owned properties in Mexico including a silver, lead and zinc discovery and a moly-gold discovery at its 100% owned Cinco de Mayo property in Chihuahua State. MAG and Fresnillo plc are also jointly developing the Valdecañas Deposit on the Juanicipio Joint Venture in Zacatecas State. MAG is based in Vancouver, British Columbia, Canada. Its common shares trade on the TSX under the symbol MAG and on the NYSE MKT under the symbol MVG.
Last: 7.17Range: 11.46-6.17Market Cap: 399 million
El Nino Ventures Inc. ("ELN" and the "Company") (TSX.V: ELN; OTCQX:ELNOF Frankfurt: E7Q) is pleased to announce significant diamond drill results of the 2012 drill program on the Murray Brook massive‐sulfide deposit located in the Bathurst Mining Camp in New Brunswick, Canada.
Significant drill results; including:
11.58% zinc, 4.55% lead, 1.53 gpt gold and 147.8 gpt silver over 24 metres in MB‐2012‐70
6.43% zinc, 3.67% lead, 0.598 gpt gold and 85.5 gpt silver over 8.65 metres in MB‐2012‐70
$2.5 million, 18,000 metresdrilling program in progress
79 holes have been successfully completed for a total of 15,268 metres
Measured and Indicated Resources: 18,684,000 tonnes grading 2.61% zinc, 0.95% lead, 0.42% copper, 39.3 gpt silver and 0.51 gpt gold at a $20 per tonne NSR*cut‐off
About El Nino Ventures Inc.
El Niño Ventures Inc. is an international exploration company, focused on exploring for lead, zinc, copper, gold and silver in New Brunswick, Canada and copper in the Democratic Republic of Congo ("DRC").
Last: 0.11Range: 0.30-0.08Market Cap: 6.4 million
China BCT Reports First Quarter 2012 Results
China BCT Pharmacy Group, Inc., (OTC BB: CNBI), ("China BCT" or the "Company"), a leading pharmaceutical distributor, retail pharmacy, and manufacturer of pharmaceutical products in Guangxi Province, China, today announced results for the first quarter ending March 31, 2012.
First Quarter 2012 Highlights
Revenue increased 21.6% year-over-year to $71.2 million
Gross profit rose 21.3% year-over-year to $16.5 million
Operating income grew 40.6% year-over-year to $12.1 million
GAAP net income applicable to common stock increased 32.0% to $7.7 million, or $0.20 per diluted share, from $5.9 million, or $0.15 per diluted share, in the year ago quarter
Excluding non-cash items related to change in the fair value of warrant liabilities and share-based compensation expense, non-GAAP adjusted net income applicable to common stock was $7.9 million, or $0.21 per diluted share
Cash and cash equivalents as of March 31, 2012 totaled $31.6 million
As of March 31, 2012, China BCT had $31.6 million in cash and cash equivalents, $118.9 million in working capital and a current ratio of 2.5. Long-term bank debt was $0.2 million. Stockholders' equity was $125.3 million on March 31, 2012, compared to $116.5 million on December 31, 2011.
China BCT is engaged in pharmaceutical distribution, pharmacy retailing, and the manufacture of pharmaceutical products through its subsidiaries Guangxi Liuzhou Baicaotang Medicine Limited, Guangxi Liuzhou Baicaotang Medicine Retail Limited, and Hefeng Pharmaceutical Co. Limited in Guangxi province, China. It operates a large regional retail network in Guangxi province, consisting of 205 directly owned retail stores in Guangxi province and currently over 8,000 products are distributed through the Company's wholesale distribution network.
Last Trade: 1.70 52 Week: 2.61 – 1.01 Market Cap: 64.86 Million